RFG Advisory LLC Makes New $229,000 Investment in BellRing Brands, Inc. (NYSE:BRBR)

RFG Advisory LLC bought a new stake in shares of BellRing Brands, Inc. (NYSE:BRBR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,036 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds also recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in BellRing Brands in the 4th quarter worth about $1,064,000. SG Americas Securities LLC lifted its position in shares of BellRing Brands by 3,112.0% in the fourth quarter. SG Americas Securities LLC now owns 266,533 shares of the company’s stock worth $20,081,000 after purchasing an additional 258,235 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of BellRing Brands during the fourth quarter worth approximately $302,000. UMB Bank n.a. grew its position in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its stake in BellRing Brands by 2.3% in the 4th quarter. Oak Ridge Investments LLC now owns 129,795 shares of the company’s stock valued at $9,779,000 after buying an additional 2,959 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BellRing Brands stock opened at $78.11 on Wednesday. The business’s 50-day simple moving average is $75.80 and its 200-day simple moving average is $65.15. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.06. The firm has a market capitalization of $10.06 billion, a PE ratio of 41.77, a PEG ratio of 2.57 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Research analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Jefferies Financial Group raised their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stephens boosted their price target on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Finally, Stifel Nicolaus raised their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.